Funding arb · Price arb /

EGLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0824%/8h= +90.3% APRpaid last 24h +0.079%

Price spread now: BloFin against Kraken Futures−0.078%57s7-day average −0.149% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$990.995% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.521%+$52 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.078%, 7d avg −0.149%

Together, before fees+0.481%+$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and BloFin is 0.071% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.149%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.521% in total (about 27.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_EGLDUSD	4.3414	−0.0604	get 0.0076% / 1h	7m 33s	$432K	$679K	20x
Short	BloFin EGLD-USDT	4.3380	0.0220	get 0.0220% / 8h	3h 07m	$222K	$554K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BloFinbpOrdersPrice spread, now −0.078%Rate

Funding earned: $173.09
Price spread: −0.078% → −0.149%: $7.09
Slippage, 4 orders: −$77.46
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $80.72
Costs to cover: 0.995%
Break-even: 3.7 days

Slippage from Kraken Futures: live order book, 46 min ago; BloFin: live order book, 24 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 46 min ago	12.59 bp	27.0 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 24 min ago	2.29 bp	25.0 bp −$25	44.9 bp −$449	145.8 bp −$14.6K	doesn't fit

EGLD on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_EGLDUSDlong	−0.0604%	1h	4.3414	long leg	$432K	$679K	20x
Injective EGLD/USDC PERP	+0.0033%	1h	3.6600	−15.695%	$16	$46K	5.5x	as long as short
Binance EGLDUSDT	+0.0100%	8h	4.3354	−0.138%	$4.7M	$25.1M	75x	as long as short
Bybit EGLDUSDT	+0.0100%	8h	4.3310	−0.239%	$2.6M	$8.1M	75x	as long as short
Gate EGLD_USDT	+0.0100%	8h	4.3370	−0.101%	$449K	$661K	30x	as long as short
MEXC EGLD_USDT	+0.0100%	8h	4.3340	−0.170%	$3.9M	$3.3M	125x	as long as short
KuCoin EGLDUSDTM	+0.0100%	8h	4.3410	−0.009%	$2.8M	$1.2M	50x	as long as short
Bitget EGLDUSDT	+0.0100%	8h	4.3350	−0.147%	$2.2M	$3.9M	75x	as long as short
Variational Omni EGLD	+0.0100%	8h	4.3332	−0.189%	$16K	$55K	—	as long as short
BloFin EGLD-USDTshort	+0.0220%	8h	4.3380	−0.078%	$222K	$554K	75x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX EGLD-USDT	+0.0305%	8h	4.3330	−0.193%	—	$2.8M	—	as long as short
OKX EGLD-USDT-SWAP	+0.0319%	8h	4.3330	−0.193%	$606K	$4.6M	20x	as long as short